IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more affordable for people. Further, the insurance regulator said that the…
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation (GIC Re) has suggested that the obligatory cession be brought…
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to retain a minimum of 50 per cent of their Indian…
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part of its overall effort to encourage product innovation and diversification…
IRDAI is planning to allow all general insurers to offer long-term motor products covering both mandatory motor third-party and own-damage cover. To allow the policyholders a wider choice, the regulator…
Recent measures announced by IRDAI)have the potential to fasten the new business growth for companies and deepen insurance penetration in India, Washington based international actuarial and consulting Milliman said. India’s…
Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to good performance by Life Insurance Corporation (LIC), even as private…
Bajaj Allianz Life Insurance Company, is now doubling down on its bancassurance play that has paid rich dividends over the last five years, propelling the share of its institutional business…
The Securities Appellate Tribunal (SAT) has upheld the order of insurance regulator IRDAI directing Go Digit General Insurance to discontinue the product "Digit Group Total Protect Policy" as the product…
Under pressure in the 'GST evasion' issue, the insurance industry has approached the government to sort out the issue without burning its fingers. While a top representative team consisting of…